Argos news and archive

Sainsbury's ends Argos sale talks with JD.com

Sainsbury's has announced it has ended discussions with JD.com regarding a potential sale of its Argos business. The decision comes after the Chinese e-commerce giant proposed "materially revised" terms and commitments that Sainsbury's concluded were not in the best interests of its shareholders, employees, and other stakeholders. Argos, which...

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Sainsbury’s Argos CEO John Rogers steps down

J Sainsbury plc has announced that John Rogers, CEO of Sainsbury’s Argos, is leaving the business on October 31, 2019, to become Chief Financial Officer of WPP PLC. The company added that Argos’s retail and logistics teams will report into Simon Roberts, Retail and Operations Director and Argos’s commercial team will report into Paul...